Here's what blogger's help desk had to say about it :
Many of Blogger's default templates have a link section in them
already. To see it, log in to your blog and then click on the Template
tab. Scroll down through the code until you see something like this in
the sidebar section:
<li><a href="http://news.google.com/">Google News</a></li>
You can see there are a few links already in there to get you started.
You can delete or edit these as you like. You can also add as many more
links as you want.
If you have a template without a links section, you can simply copy the
code above and paste it into your template. You'll probably want it in
the sidebar, perhaps next to the archives or previous posts list.
To change a link, paste its URL (for example, http://travelbeaver.blogspot.com) in place of "http://EDITME" in the
above example, or in place of one of the default links that comes with
your template. Then change the "Edit-Me" text to say what you want to
appear on your blog (for example, Beaver's Antics in Montreal). Finally, save your changes and republish your blog.
I hope this helps !
Thanks, Salt Water in California, for posting on my Guestmap !